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Morningstar

American Funds New Economy A ANEFX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 57.83  /  −1.48 %
  • Total Assets 32.7 Bil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Global Large-Stock Growth
  • Investment Style Large Growth
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 0.21%
  • Turnover 39%

USD | NAV as of Apr 15, 2024 | 1-Day Return as of Apr 15, 2024, 10:17 PM GMT+0

Morningstar’s Analysis ANEFX

Will ANEFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ANEFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ANEFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ANEFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Innovation is key on this flexible global growth option.

Senior Analyst Stephen Welch

Stephen Welch

Senior Analyst

Summary

American Funds New Economy’s robust, global resources and flexible approach merit Above Average People and Process ratings.

by Stephen Welch
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings ANEFX

More ANEFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

6.33 1.9 Bil
Technology

Broadcom Inc

5.96 1.8 Bil
Technology

Capital Group Central Cash Fund

4.20 1.3 Bil
Cash and Equivalents

UnitedHealth Group Inc

2.51 772.8 Mil
Healthcare

Amazon.com Inc

2.31 710.1 Mil
Consumer Cyclical

Thermo Fisher Scientific Inc

1.91 587.2 Mil
Healthcare

Meta Platforms Inc Class A

1.87 574.7 Mil
Communication Services

Eli Lilly and Co

1.78 548.7 Mil
Healthcare

Mastercard Inc Class A

1.68 517.5 Mil
Financial Services

MercadoLibre Inc

1.57 483.7 Mil
Consumer Cyclical